Legato Merger Corp. III filings document a blank-check issuer structure, including units, ordinary shares, and redeemable warrants registered on NYSE American. Its regulatory record includes Form 8-K material-event reports and proxy materials covering material agreements, shareholder voting matters, governance, capital-structure disclosures, and SPAC security-structure information.
Filings also describe the company as a Cayman Islands exempted company and record public-company reporting matters such as operating and financial results, audit-related disclosures, and changes or amendments to material transaction documents while the issuer remains structured as a SPAC.
LEGATO MERGER CORP. III reports that W. R. Berkley Corporation beneficially owns 1,466,215 ordinary shares, representing 5.7% of the class. The filing lists shared voting and shared dispositive power over the 1,466,215 shares.
The Schedule 13G identifies Berkley Insurance Company as holding the same 1,466,215 shares and is signed by Richard M. Baio on 05/07/2026.
Legato Merger Corp. III approved a special resolution to extend the deadline to consummate its business combination with Einride through monthly extensions up to August 8, 2026. Shareholders redeemed 3,233,391 public shares for approximately $35.7 million, leaving 16,891,609 public shares outstanding. Pursuant to the Extension Proposal, $506,748.27 was deposited into the trust account representing the first monthly extension payment; the extension requires a loan of $0.03 per public share per month from Einride or a mutually agreed party for each month extended. The company continues efforts to complete the proposed merger with Einride.
Legato Merger Corp. III shareholders approved an extension of the deadline to complete its business combination with Einride, allowing the board to extend monthly for up to three months, through August 8, 2026, if needed. Each one-month extension requires Einride or a related lender to contribute $0.03 per public share into Legato’s trust account.
At the extraordinary general meeting, 21,845,115 ordinary shares were represented and the extension proposal passed with 21,835,897 votes for, 5,782 against and 3,436 abstentions. In connection with the meeting, holders of 3,233,391 public shares elected redemption for about $35.7 million, or $11.04 per share, leaving 16,891,609 public shares outstanding. The first monthly extension payment of $506,748.27 has already been deposited into the trust as Legato continues pursuing the Einride merger.
Einride and Legato Merger Corp. III filed a Form F-4 to effect a proposed business combination that would list Einride as ADS on Nasdaq. The Transaction values Einride at a $1.35 billion pre-money equity value and is expected to deliver approximately $333 million in gross proceeds, including a $113 million oversubscribed PIPE and up to $220 million from Legato’s cash-in-trust, subject to redemptions and customary closing conditions. The Registration Statement on Form F-4 includes Einride’s audited full-year 2025 results showing SEK 457.8 million revenue for fiscal 2025 and highlights commercial traction of roughly $92 million in expected ARR from signed contracts and over $800 million in potential long-term ARR through joint business plans.
Einride appointed General (Ret.) Keith B. Alexander to its Board of Directors and announced the establishment of a dedicated defense business to scale its autonomous capabilities for defense organizations. The company cites completed pilot contracts with a European NATO-allied defense organization and plans to recruit specialized talent and develop defense-specific expertise.
Einride states it has more than 30 enterprise customers across seven countries and approximately $92 million in expected annual recurring revenue from signed contracts. The company is advancing toward a public listing via a proposed business combination with Legato Merger Corp. III, anticipated to close in the first half of 2026.
Legato Merger Corp. III reported a small profit while remaining a pre-revenue SPAC focused on completing its first business combination. For the quarter ended February 28, 2026, net income was $1.6 million, driven almost entirely by $1.96 million of interest on the $220.9 million held in its Trust Account, partially offset by $356,910 of general and administrative costs.
Total assets were $221.4 million, including cash of $519,303 outside the Trust Account for working capital. The company has 20,125,000 public shares classified as redeemable at approximately $10.98 per share and an accumulated deficit of $6.43 million, resulting in shareholders’ deficit.
Management states there is substantial doubt about the company’s ability to continue as a going concern because it must complete a business combination by May 8, 2026 or liquidate and return Trust Account funds to public shareholders. No working capital loans are outstanding, and no business combination has been completed yet.
Legato Merger Corp. III filed an amended annual report to add more detail to its section on controls and procedures for the year ended November 30, 2025. Management, including the CEO and CFO, evaluated the company’s disclosure controls as of November 30, 2025 and concluded they were effective.
Management also assessed internal control over financial reporting using the COSO 2013 framework and determined it was effective as of December 31, 2025. The independent auditor did not provide an attestation report on internal control. The amendment notes there were no changes in internal controls during the most recent fiscal quarter that materially affected them.
Einride provided an investor presentation on a proposed business combination with Legato Merger Corp. III that outlines its electric, digital and autonomous road freight platform, customer metrics, growth pipeline and transaction economics supporting a de-SPAC combination.
The presentation highlights $49M run-rate operational revenue, $92M ARR in signed customer contracts, $637M capital raised to date, a projected $300M cash balance at closing, and an illustrative pre-money equity value of $1.35B.
Karpus Management, Inc. reports beneficial ownership of 2,139,308 shares of Legato Merger Corp. III Common stock, representing 8.29% of the class as disclosed in an amended Schedule 13G/A. The filing lists sole voting and dispositive power over these shares and is signed by the Chief Compliance Officer.
Legato Merger Corp. III is asking shareholders to approve an extension of the deadline to complete its business combination, potentially moving the cutoff from May 8, 2026 to August 8, 2026. Each one-month extension would require Insiders to lend $0.03 per Public Share, to be deposited into the Trust Account and added to the eventual redemption value.
Public shareholders may elect to redeem their shares at the extension vote for cash equal to their pro rata portion of the Trust Account. As of April 3, 2026, the Trust Account held approximately $221.5 million, implying an estimated redemption price of about $11.00 per Public Share. If the extension is not approved and no business combination closes by May 8, 2026, Legato will wind up, redeem all Public Shares for cash from the Trust Account, and liquidate, with public warrants expiring worthless.